| Hike In Insurance Premiums |
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Consumers have been warned that insurance costs could rise by around 20% over the next year partly due to the increase in insurance fraud. In 2008 430,000 claims were made for whiplash. For every £100 taken in insurance premiums insurers will pay £105 in claims. In the past insurers invested the money onto the stock market and made their profits that way. With the current market volatility this is becoming more difficult therefore insurance premiums are increasing. |